PancakeSwap has joined Ondo Finance’s Global Markets Alliance, joining more than 30 industry leaders working to standardize and commercialize tokenized stocks and ETFs.
Summary
- Ondo Finance’s Global Markets Alliance brings together exchanges, wallets, custodians and blockchain networks to create standardized, compliant frameworks for tokenized RWAs.
- As the largest DEX on BNB Chain, PancakeSwap will likely facilitate secondary market liquidity through trading pairs and liquidity pools, serving as a gateway for user access to tokenized assets once they are live on chain.
Ondo Finance (ONDO) has announced that PancakeSwap, one of the largest DEXs in the DeFi ecosystem, has joined the Global Markets Alliance, a coalition of more than 30 leading industry organizations focused on bringing real financial assets like stocks and ETFs on-chain in a standardized and compliant manner.
Launched earlier this year by Ondo Finance, the Global Markets Alliance brings together exchanges, wallets, custodians and blockchain networks to align on shared standards for tokenized securities – covering technical interoperability, custody frameworks and regulatory best practices.
Members include major entities including Coingecko, CoinMarketCap, Chainlink, Bitget, 1Inch, Morpho and Zodia Custody, which collectively aim to bridge the gap between traditional financial and decentralized markets.
The role of PancakeSwap within the Alliance
No specific details have yet been announced about PancakeSwap’s exact role within the alliance. However, another DEX in the alliance, 1inch, is contributing by integrating its swap aggregation and routing infrastructure to facilitate efficient trading and pricing of tokenized RWAs. At the same time, centralized platforms like Bitget And MEXC have started marketing tokenized US stocks directly to their users.
Given PancakeSwap’s position as the largest DEX on BNB Chain, its involvement will likely focus on facilitating secondary market liquidity for tokenized assets within DeFi. This could include enabling trading pairs and liquidity pools for tokenized stocks and ETFs, and potentially serving as a gateway for users to access or provide liquidity to tokenized RWAs once they are live on-chain.
